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Attend Your Home Inspection or Not? – Suggestions & Tips #159

October 23, 2015 by Grassroots Leave a Comment

inspector

How involved should you be in your home inspection? We feel our clients can play an active and important role in the inspection process. That’s why we request that they be present during the inspection. While we recognize you might not be able to attend your home inspection for the entire time, we certainly encourage it. Simply reading your inspection report or getting a summary is not enough in our view! If you’re being told to stay away or to only come at the latter part of the inspection, you should ask why. Besides, home inspections are action packed, full of excitement and bound to be a bundle of fun…just think, you’ll get to see what those weekend warriors were up to as well 🙂

Seriously though it’s your day, so attend your home inspection and follow us around and ask questions…that’s what we’re there for. We want you front & centre at the inspection there for a number of reasons, none more important to inform us and point out any concerns that you might have. It’s also a great opportunity for you to learn about things like the location of utility shut offs and home maintenance tips and what needs to be done around the house & when. We want you to provide us with any information you might have regarding the home that can assist in painting a clearer picture about its condition.

  • It’s NOT for us to decide, or tell you, whether or not to buy the home.
  • We want to show you what we may have discovered…and we always find something!
  • We want you to read our entire written report & talk to us about any questions or concerns you have.
  • We may also recommend that you get further explanations and or clarifications from alternate sources on some of the items we identified during the inspection.

By attending the inspection it’s your opportunity to carry out part of your due diligence on the home. You will likely not have spent as much time at the property as you will during an inspection that takes 3 hours or so. The more involved you are in the inspection process, the better off you will be in obtaining more information about what will likely be the single largest purchase in your life! So please…attend your next home inspection!

Filed Under: All, Suggestions & Tips Tagged With: attend, attending, home inspection, house inspection, participate, participation

Can’t I Buy A Home That’s Been Inspected?!?! – Suggestion & Tips #173

July 23, 2020 by Grassroots Leave a Comment

Multiple offers on a property? No time to get a home inspection done? Feel you need to present a “condition free” offer in order to get the house of your dreams? But what shape is the home that you want buy in?

Buying a home without an inspection presents a significant risk and certainly not advisable. The Ontario Real Estate Association (OREA) doesn’t even it recommend it. You don’t want to find out after you’ve purchased a house and moved in that there are issues that need to be addressed after the fact. It only makes sense to get it inspected before hand. You wouldn’t buy a used car without having a safety check done on it, and a car costs far less than a home!

RECO (Real Estate Council of Ontario) says that buyers who exclude a home inspection clause in their offer to purchase “may later learn that there are property defects, required repairs or needed upgrades that you weren’t aware of. In some cases, this can be expensive in the short or long-term. Foregoing a home inspection is a significant risk that a buyer needs to carefully consider.” Not surprisingly, we get calls after the fact to inspect those homes when recourse options are few.

So why is it that people feel they must buy without having an inspection done? It’s likely because of the emotional nature of the purchase. They love the location, the kitchen, the workshop or the yard … and feel compelled to buy it without an inspection. However, if you waive your right to a home inspection and later find problems, you will likely have an uphill battle trying to recoup costs from other party(s).

But what about the seller? They certainly don’t want to hear from you after the sale about any problems that have been discovered, nor do the Realtors®. Funny thing is, most sellers also don’t want to be put in a situation of not having a home inspection done when they go out buy their new home either. So how can buyers and sellers find comfort?

In these situations, the best thing to do is look for homes that have had a pre-listing inspection carried out on them. This is just like a pre-purchase inspection that is carried out by the purchaser, except in this case the vendor / seller has a pre-listing inspection done for themselves and potential buyers to review.

Have you ever asked yourself, why hasn’t the vendor / seller done a pre-listing inspection on this home I’m looking at? Chances are they don’t know they can, they aren’t obligated to do one so why bother, and or are fearful of what is, or might be, lurking in their home.

So if you’re looking to buy a home, make sure it’s inspected either as a condition of Offer to Purchase or as a pre-listing inspection by the vendor / seller! If for some reason that’s just not possible, don’t for get about our Ride Along Inspection™ where we tag along with you when you’re out looking at homes or The Oops Inspection™ where we conduct an inspection after you’ve purchased the home.

You Get What You Inspect NOT What You Expect™

Related Topics:

• Multiple Offers & Home Inspections
• No Home Inspection Clause in Your Offer to Purchase, Say What?!?!
• Should Mortgage Lenders Insist Their Clients Have A Home Inspection?

Related Services:

• Home Inspections – pre-purchase & pre-listing inspections
• The Oops Inspection™ – an inspection carried out after you purchase the home
• Ride Along Inspection™ – hire us by the hour to tag along with you when viewing homes
• Litigation Support & Dispute Resolution Services – we bought the house, found troubles & need help

Filed Under: All, Suggestions & Tips Tagged With: home inspection, offer to purchase, pre-listing inspection, pre-purchase inspection

No Home Inspection Clause in Your Offer to Purchase, Say What?!?! – Suggestions & Tips #168

July 15, 2016 by Grassroots Leave a Comment

Keep Calm - no home inspection clause

Hot real estate market? Multiple offers? No time or can’t carry out an inspection before putting in an offer? Do you have to waive your condition on a home inspection in order to seal the deal?

If that’s what you are facing, think long and hard about buying that house. You’ll have an uphill battle after the fact trying to sort out who pulled the wool over your eyes and “made” you buy that house that’s got problems you now want fixed. There will be problems of course, there’s not a house we’ve inspected that doesn’t have them, and based on the number of calls we’re getting from homebuyers with horror stories who felt obliged not to have an inspection carried out because they just had to buy that … “dream house”…we’re not surprised!

RECO (Real Estate Council of Ontario) is the body responsible for regulating real estate professionals in the province on behalf of the Ontario government and protects the public’s interest through a fair, safe and informed marketplace. They say that buyers who exclude a home inspection clause in their offer to purchase “may later learn that there are property defects, required repairs or needed upgrades that you weren’t aware of. In some cases, this can be expensive in the short or long-term. Foregoing a home inspection is a significant risk that a buyer needs to carefully consider.”

From our perspective, not having a home inspection carried out before you buy sounds a little bit like this:

“My wife & I are looking at getting a new car. We’re willing to pay as much as we can afford in order to get it. We found one car that’s sort of what we are looking for. Unfortunately, there aren’t many cars to choose from out there and we don’t want to keep driving our old car. If we don’t grab this car now we won’t get it. So we paid 15% more than they were asking for the car! The dealer told us there’s no warranty on it and we didn’t have time to ask our mechanic look at it first for fear of losing it. The upside I guess is that we saved money on not getting a safety check.”

Okay…it’s not realistic you say. So, you can’t find any homes where an inspection will be permitted in order to secure the house you want AND you have to buy a house NOW! We think you’ll agree though that no home inspection means an increased risk as a homebuyer. Well, what about this? Why not hire a home inspector to tag along with you during your home buying process – when you’re out there looking at the various houses you want to buy? Line up the houses you want to look at and hire an inspector to ride along with you. Better yet, narrow down the houses you want to look at first. The inspector can point out lots just walking around with you during an open house or attending a specific viewing of homes. This is far from perfect of course, but a cursory look and having a second set of eyes might help you better understand the condition of that home before you put in your offer. Best of all though, only buy a house conditional on having a full and complete home inspection carried out.

Don’t be embarrassed to contact us about problems you’re having after buying a house that you didn’t get inspected. An inspection after the fact will still help you ascertain its condition and better prepare you moving forward. If you think you’ve been wronged in your home buying purchase, we also offer dispute resolution & litigation support services.

If you’re a realtor, lawyer, mortgage broker or other real estate professional reading this, you might want to consider strongly encourage if not insist on clients have an inspection carried as part of their Offer to Purchase. Failing this, there are some other options, for example:

Home Inspection – carried out before clients submit their Offer to Purchase

Oops Inspection™ – carried out after they purchase the home

Ride Along Inspection™ – hire us by the hour to tag along with you when viewing homes

An inspection can help to mitigate the risk for not only realtor, lawyer, mortgage broker or other real estate professionals but your “clients-for-life” – the home buyer. For that matter, having the home inspected may reduce risk for the vendors too!

An inspection is important for the safety of your loved ones and should be conducted whenever a home is purchased, and then periodically while you own the home…just like you go to the doctor for a physical, houses need routine inspections. Your kids will also be happy knowing their home is Guaranteed Monster Free from any typically large, ugly or possibly frightening creatures too 🙂

And remember this, if you remember nothing else …

Keep Calm And Get It Inspected - no home inspection clause

You Get What You Inspect NOT What You Expect™

Filed Under: All, Insurance & Legal, Suggestions & Tips Tagged With: home inspection, hot market, hot real estate market, multiple offers, orea form 127, waive conditions

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